MRO-TEK Realty Reports Strong Financial Results for Q3 2023, Shows Positive Growth Trend

MRO-TEK Realty, a microcap IT hardware company, has recently declared its financial results for the quarter ending December 2023. According to the latest report, the company has shown a very positive performance, with a score of 29, a significant improvement from -6 in the last three months.

One of the key factors contributing to this positive performance is the company's net sales, which have grown by 133.1% to Rs 17.84 crore compared to the average net sales of the previous four quarters, which stood at Rs 7.65 crore. This indicates a very positive sales trend in the near term.

Another noteworthy aspect is the company's profit before tax less other income (PBT), which has seen a growth of 621.4% to Rs 8.59 crore compared to the average PBT of the previous four quarters, which was at Rs -1.65 crore. This shows a very positive trend in the near term for PBT.

Similarly, the company's profit after tax (PAT) has also seen a significant growth of 891.9% to Rs 9.72 crore compared to the average PAT of the previous four quarters, which was at Rs -1.23 crore. This indicates a very positive trend in the near term for PAT.

The company's ability to manage interest payments has also improved, with the operating profit to interest ratio being the highest at 4.92 times in the last five quarters. Additionally, the company's operating profit (PBDIT) has also seen a positive trend, with the highest at Rs 11.51 crore in the last five quarters.

Furthermore, the company's operating profit margin has also shown improvement, with the highest at 64.52% in the last five quarters, indicating an increase in efficiency. The earnings per share (EPS) have also seen a positive trend, with the highest at Rs 5.20 in the last five quarters, showcasing the company's increasing profitability and ability to generate higher earnings for shareholders.

However, there are some areas that need improvement, such as the interest cost, which has increased by 27.87% quarter on quarter (QoQ) to Rs 2.34 crore. This signifies an increase in borrowings for the company.

In conclusion, MRO-TEK Realty has shown a very positive financial performance in the quarter ending December 2023, with significant improvements in key areas. The stock call by MarketsMOJO for the company is 'Hold', and investors can keep a close eye on the company's future performance.